Liberty Broadband (NASDAQ:LBRDA) Sees Strong Trading Volume – What’s Next?

Liberty Broadband Co. (NASDAQ:LBRDA) shares saw strong trading volume on Wednesday . 416,847 shares were traded during mid-day trading, an increase of 176% from the previous session’s volume of 150,786 shares.The stock last traded at $84.81 and had previously closed at $84.81.

Analyst Ratings Changes

LBRDA has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $95.00 target price (up from $90.00) on shares of Liberty Broadband in a research note on Friday, November 15th. Rosenblatt Securities lowered shares of Liberty Broadband from a “buy” rating to a “neutral” rating and upped their price objective for the company from $91.00 to $92.00 in a research report on Thursday, November 14th.

Liberty Broadband Trading Down 1.0 %

The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The company has a market cap of $11.99 billion, a P/E ratio of 15.62 and a beta of 1.04. The business has a 50-day moving average price of $81.51 and a two-hundred day moving average price of $65.47.

Liberty Broadband (NASDAQ:LBRDA) last issued its earnings results on Thursday, November 7th. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.66). The business had revenue of $262.00 million during the quarter, compared to the consensus estimate of $242.40 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. During the same period last year, the business posted $1.10 EPS.

Insider Buying and Selling at Liberty Broadband

In related news, insider Renee L. Wilm sold 4,423 shares of the firm’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $76.56, for a total transaction of $338,624.88. Following the sale, the insider now owns 3,670 shares of the company’s stock, valued at approximately $280,975.20. This trade represents a 54.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Brian J. Wendling sold 2,208 shares of the stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $75.84, for a total value of $167,454.72. Following the completion of the sale, the chief accounting officer now owns 11,054 shares of the company’s stock, valued at $838,335.36. This trade represents a 16.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,673 shares of company stock valued at $509,688. 14.19% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of LBRDA. Signaturefd LLC raised its holdings in Liberty Broadband by 9.1% during the third quarter. Signaturefd LLC now owns 2,119 shares of the company’s stock worth $163,000 after acquiring an additional 177 shares in the last quarter. Bfsg LLC raised its position in Liberty Broadband by 11.1% during the second quarter. Bfsg LLC now owns 3,340 shares of the company’s stock worth $182,000 after acquiring an additional 335 shares in the last quarter. Franklin Resources Inc. acquired a new stake in Liberty Broadband in the third quarter valued at $30,000. GAMMA Investing LLC increased its stake in shares of Liberty Broadband by 161.8% during the 3rd quarter. GAMMA Investing LLC now owns 631 shares of the company’s stock worth $48,000 after purchasing an additional 390 shares during the last quarter. Finally, American National Bank & Trust bought a new stake in shares of Liberty Broadband in the 3rd quarter valued at about $32,000. 10.29% of the stock is owned by institutional investors and hedge funds.

Liberty Broadband Company Profile

Liberty Broadband Corporation engages in the communications businesses. The company’s GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.